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16 Genius Quotes From Eccentric Billionaire Elon Musk
Archive for the ‘Innovators’ Category
At Business Insider:
Kaizen Weekly Review highlights activities of The Center for Ethics and Entrepreneurship and recent business ethics and entrepreneurship news.
Editor: Virginia Murr
The Last Mile May Be First Step for Inmate Entrepreneurs
At California’s San Quentin prison, inmates have the opportunity to participate in the Last Mile, an entrepreneurship course modeled on start-up incubators that take in batches of young companies and provide them with courses, informal advice, and seed investments. Start-up ideas from inmates include a cardiovascular health organization and an e-commerce site for artists in prison. Read the full article here.
The Open Letter that Stopped a Lucrative Marketing Campaign
On September 19, 2012, Thor Halvorssen, Founder of the Human Rights Foundation, published this open letter to Urban Outfitters in The Huffington Post about its Che Guevara marketing campaign and line of fashion merchandise. The letter is useful as a case study for Business Ethics courses in discussions of marketing using popular political figures, especially those with a record like Guevara’s. Urban Outfitters subsequently decided to drop its Che campaign and fashion line.
The Morality of Capitalism
Stephen Hicks gave a talk to the Bastiat Society in Panama on the debates over the morality of capitalism, contrasting the positions of Friedrich Hayek, Ayn Rand, Milton Friedman, and others. Here is the abstract from his lecture.
Note: The Bastiat Society is named for Frédéric Bastiat, the great nineteenth-century liberal public intellectual.
.A Quirky Interview
In a recent interview with Dan Schneider for Cosmoetica, Hicks covered such themes as the nature of values, art, religion, corporations, and the meaning of life. Other interviewees in the series include Daniel Dennett, Larry Sanger, and Steven Pinker.
Would More Regulations Curb NCAA Violations?
Shawn Klein is quoted in this article from Coach and Athletic Director magazine examining the use of more regulations to curb NCAA violations. In the article, Klein states: “I don’t know that stricter policies or punishment would be that much more effective, because part of the problem is that there are so many rules and a lot of them are opaque.” Read the full article.
CEE Guest Speaker Series
Marta Podemska-Mikluch, a visiting professor of Economics at Beloit College and recent Ph.D. graduate from George Mason University, was CEE’s guest speaker for February. She gave a talk to students and professors on “Succession, Elections, and Self-Governance,” focusing on the Polish-Lithuanian Commonwealth’s “nobles’ democracy” of the 16th century.
See you next week!
About 3 percent of American adults are currently under correctional supervision, and about 1/3 of Americans will be arrested before age 23. Both groups may have trouble finding legitimate employment and may therefore turn to crime to make a living. Entrepreneurship education offers a way out of this cycle: self-employed entrepreneurs can circumvent background checks, low wages, and discrimination.
By May, a new law in Chile should be in effect, allowing entrepreneurs to incorporate their businesses online for free within one day. This is part of Chile’s Year of Innovation, a billion-dollar initiative launched by President Sebastián Piñera, which is designed to simplify the process of innovation for Chileans.
Christopher Hann, at Entrepreneur, writes about the value of failure in life and in entrepreneurship. Entrepreneurs should not ignore the possibility of failure, but should learn to “fail early and often.” They can then identify their failures through trial and error in the beginning stages of a venture and have time to adapt and improve their business.
Nathan Harden writes a sweeping overview of “The End of the University as We Know It” for The American Interest Magazine. “We have reached a tipping point where new interactive web technology, coupled with widespread access to broadband internet service and increased student comfort interacting online, will send online education mainstream,” Harden says. Online students may miss out on some of the advantages of a residential college experience, but they will learn more efficiently, be able to choose from a more varied curriculum, and enjoy greater convenience, all at a lower price than traditional residential students pay. And universities will have to adopt this new model or become obsolete.
“CONTRARIAN is a new film which chronicles the life of legendary investor, John Templeton, who ranks among the top investors of all time, alongside Warren Buffett and Peter Lynch. John’s resilience and his meteoric rise as an entrepreneur and investor can be attributed to lessons learned in his youth: think differently, live frugally, be willing to bet against conventional thinking, and, above all, be honest.”
Watch the trailer for Contrarian below.
MIT TechReview lists five technologies that should make a big impact this year:
1. Wireless charging
2. 3D Printing
3. The stylus
4. Leap 3D
5. The Nook
To become a great entrepreneur, one needs to be creative and innovative. The Creativity Post has a list of 8 tips to cultivate and maintain creativity, including:
“1. Forever curious. Endless curiosity is the number one indication of the creative mind-set. It allows entrepreneurs to challenge what is already “known” to extrapolate that to an original idea. Curiosity infuses you with the determination needed to figure out or learn how to turn an original or innovative idea into a reality.
2. Always open to new things. Thinking this way can be viewed as quieting the opinions of the judgmental mind long enough to allow the creative mind the time and space it needs to generate interesting insights, associations, and connections. This opens creative possibilities, rather than categorizing new things into self-limited dead-ends.”
The day after Steve Jobs’ death last year, Silicon Valley VC Guy Kawasaki gave a speech about the two times he worked under Jobs and what he learned. Some highlights from his list: Don’t listen to the experts; all that matters is whether something works or not; and value is different from price. Watch his talk below: